. $3000-$4000 makes sense.  

The most common reason for rejection here in Las Vegas is the occupancy owner/renter ratio.

Hope everything makes more sense.  

Figure your PM at 8- 10%, you will have garbage, lawn/ snow maintenance, water sewer, your taxes, insurance and loan payments. if there is common hallway or outdoor lighting, is it metered separately, if so, you will have that expense as well. 

As somebody who lived in SW FL the last 2 years, I can say that there are definitely areas where rentals make sense and plenty where they do not.  

If you can find cheap money, then it makes sense to use it for buy and hold as long as you have an exit strategy to pay them off.

Im not commenting on the unwillingness to provide details or personal info but in regards to the 12 months in advance that is EXTREMELY common in the Asian community so don't let that part scare you away.

If it seems too good to be true, then it is ... if it doesn't make sense, then it's a lie. 

The entry points for real estate are very high in the area I live in and the returns on cash flow do not make sense so me and my business partner have been looking at avenues in other states.

It can be done and make a profit, but unless you plan on financing it in a philanthropic sense it should only be done if you can make a profit.